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BUSINESS
November 9, 2000 | From Bloomberg News
News Corp., the media company controlled by Rupert Murdoch, said Wednesday that its fiscal first-quarter profit fell 10% because of lower audience ratings at Fox Television Network. Profit from operations fell to $149 million, or 14 cents per American depositary receipt, from $165 million, or 16 cents, a year earlier. Revenue rose 2.6% to $3.24 billion. The profit matched the average estimate of eight analysts polled by First Call/Thomson Financial. Fox, the No. 4-rated U.S.
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BUSINESS
August 1, 1992 | JOHN LIPPMAN, TIMES STAFF WRITER
Former Fox Inc. Chairman Barry Diller, who resigned as head of the film and TV studio in February, is seeking regulatory approval to sell $33.3-million worth of notes he acquired in connection with an apparent settlement agreement earlier this year. The disclosure came in a registration statement filed with the Securities and Exchange Commission by News America Holdings, the parent company of Fox. News America is the U.S. subsidiary of News Corp.
BUSINESS
August 9, 2007 | Joseph Menn, Times Staff Writer
Rupert Murdoch said he planned to sell Dow Jones & Co.'s smaller newspapers and hire more staff to bolster the Wall Street Journal's presence, especially in Europe and Asia. The News Corp. chairman and controlling shareholder, who sealed a hard-fought deal to buy Dow Jones last week for $5 billion, also said Wednesday that he was still weighing other steps after the transaction closes in a few months.
BUSINESS
January 31, 1996 | KAREN KAPLAN, SPECIAL TO THE TIMES
While executives from Microsoft Corp. and MCI Communications Corp. were enthusiastically touting their new strategic alliance to make money in the Internet business this week, the mood in a newsroom in lower Manhattan's Silicon Alley was decidedly less sunny. That's where about 200 employees had been laboring for six months to produce content for a joint venture between MCI and News Corp.
BUSINESS
May 11, 1995 | JUBE SHIVER Jr., TIMES STAFF WRITER
In what could be the most potent alliance yet between a telephone company and a media firm, MCI Communications Corp. announced Wednesday that it will invest up to $2 billion in Rupert Murdoch's News Corp., forming a joint venture with the Australian company to deliver electronic information services.
BUSINESS
May 13, 1995 | JAMES BATES, TIMES STAFF WRITER
Rupert Murdoch is considering buying a stake in former Italian Prime Minister Silvio Berlusconi's three television networks, answering the question of where the billionaire may move next in expanding his global media business. Murdoch's News Corp. confirmed Friday in a statement that "contacts have been made" with Berlusconi's Fininvest, but added that there has been no firm offer.
BUSINESS
December 8, 1999 | From Bloomberg News
Media giant News Corp. and Healtheon/WebMD Corp. said they formed a $1-billion programming and marketing partnership, with News Corp. taking a 10.8% stake in the online health information and transaction network. In October, the companies said they had signed a nonbinding letter of intent to develop worldwide media and branding services, an international Internet venture and health and fitness cable television for U.S. audiences. News Corp.
BUSINESS
October 19, 1990 | JOHN LIPPMAN, TIMES STAFF WRITER
Rupert Murdoch goes home next week to Adelaide, the South Australian capital where he inherited control of two newspapers 38 years ago and began building one of the largest media empires in the world. Murdoch is not returning for sentimental reasons--he has spent most of his adult life avoiding the sleepy port city of "sheep and churches." But Adelaide is where News Corp.
BUSINESS
February 8, 2007 | Joseph Menn, Times Staff Writer
With MySpace.com, another Rupert Murdoch gamble is starting to pay off. News Corp. on Wednesday said the social networking website that it acquired to great skepticism in 2005 had turned profitable and was bringing in revenue faster than expected. MySpace's sales in the latest quarter tripled from a year earlier, making the site a highlight of its parent's earnings report. News Corp. reported net income of $822 million in its fiscal second quarter, down from $1.
BUSINESS
August 10, 1995 | From Reuters
MCI Communications Corp. and News Corp. on Wednesday announced a joint venture to provide on-line services and said British Telecommunications may take a stake too. It is the first major linkup since MCI, the nation's second-largest long-distance firm, announced plans in May to invest $2 billion in Rupert Murdoch's media empire. The venture will include all the companies' existing on-line operations, they said, including News Corp.'s Delphi Internet Services Corp., which has 100,000 customers.
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